Dual Boot Win8 and Win7...

I would love to dual boot 7 and 8 on my laptop. However, my laptop has Windows 8. Is it possible if I were to partition a space and download the 7 disk? Thanks.

After installing Windows 7 it will take over boot process.

To repair dual-boot:
1. Run Dual-boot Repair tool from Visual BCD package.
This will make Windows 8 again the default boot loader.

Only if Windows 7 is missing from boot menu after repair -
Visual BCD Editor - "Create missing Windows loaders" (in right click menu).

See also how to fix advanced boot options (second half of page).